BioMed Realty Trust building facility for Isis in Carlsbad

BioMed Realty Trust said it is building a facility for the Carlsbad biotechnology company Isis Pharmaceuticals that will increase Isis’ leased space to 204,700 square feet.

Isis will lease all of a 176,000-square-foot research facility that San Diego-based BioMed will build in the Carlsbad Oaks North Business Park. Once the building is up, Isis will lease it for 20 years and consolidate the majority of its operations there.

Isis also extended the lease on its current facility on Faraday Avenue in Carlsbad and extended to 2031 the lease on a 28,700-square-foot manufacturing facility nearby.